Blog

Benefits of a Buyers Market

(March 28, 2019)

There are fantastic opportunities for buyers in the current market. Some advantages include:

- Negotiating one on one with sellers
- Possibilities to negotiate off already reduced list prices
- Ability to negotiate subjects that will keep you (the buyer) protected
- No bidding wars
- More inventory to choose from
- More time to make a decision
- Falling prices (see below)

NORTH VAN February 2018 to Februa... read more.

Market Update Spring 2019

(March 28, 2019)

HOUSING MARKET CONDITIONS CONTINUE TO FAVOUR HOME BUYERS


VANCOUVER, BC – March 4, 2019 – The Metro Vancouver* housing market saw increased
supply from home sellers and below average demand from home buyers in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recor... read more.

Why Aren't Prices Falling?

(February 08, 2017)

The Real Estate Market appears to be dealing with a lot of economic variables that should lead to dwindling demand and subsequent price corrections. Some of these variables include the new foreign ownership tax, new Property Transfer Tax structure, tougher lending requirements, increasing mortgage rates, and increasing CMHC fees. However, as I glance at the MLS Home Price Index, the residential co... read more.

New Mortgage Changes Slated for 2017

(January 19, 2017)


Below are some changes slated to hit the mortgage market in 2017. I received this from an awesome mortgage broker (contact details below if anyone is looking)... The mortgage environment has already seen a lot of movement in 2017, here is a quick debrief of the three big changes thus far. 
  1. Today CMHC announced they will be raising their premiums starting March 17, 2017. We are expecting the other in... read more.

New Mortgage Rules October 2016

(October 04, 2016)

I just received this across my desk from a mortgage broker I have worked with in the past. It helped me to clarify some of the new changes ahead, so hopefully it does the same for you. If you are looking for a great mortgage broker Zaheed is the guy to talk to. He works hard to stay on top of changing rules in the industry, he can tailor a mortgage to suit your needs, and he works for you so you g... read more.